Macro important news and events:
Premier Li Keqiang said that the downward pressure on the economy has further increased and macro policy adjustment should be increased. The policies that have been issued should be put in place as soon as possible, and the new measures that are accurate can be used up and released in May, so as to ensure that the economy operates within a reasonable range in the first half of the year and the whole year, and strive to make the economy return to the normal track quickly. We should give priority to employment and ensure employment and people’s livelihood by stabilizing the main body of the market. Ensure stable food production and stable energy supply. Support platform economy and digital economy to legally comply with domestic and foreign listing and financing. Stabilize land prices and house prices, support residents’ reasonable housing needs, and maintain the steady and healthy development of the real estate market.
According to the house price data of 70 large and medium-sized cities released by the National Bureau of statistics in April, there were 47 cities with month on month decline in new house prices, an increase of 9 over the previous month; Second hand house prices fell in 50 cities month on month, an increase of 5 over the previous month; New house prices fell year-on-year in 39 cities, an increase of 10 over the previous month; Second hand housing fell year-on-year in 56 cities, an increase of 9 over the previous month. Yan Yuejin, research director of the think tank center of E-House Research Institute, pointed out that the new house price index fell year-on-year for the first time since December 2015 and for the first time in 77 months; The second-hand house price index has been declining month on month for eight consecutive months, and the year-on-year decline has also continued to expand, indicating that the downward pressure on house prices has increased.
In order to further accelerate the release of large-scale VAT rebate policy dividends, the Ministry of Finance and the State Administration of Taxation announced that before June 30, on the basis of taxpayers’ voluntary application, the stock tax rebate of large enterprises will be refunded.
Zou LAN, director of the financial market department of the central bank, was transferred to the director of the monetary policy department. Sun Guofeng, former director of the Monetary Policy Department of the people’s Bank of China, is suspected of serious violations of discipline and law and is currently under disciplinary review and supervision and investigation, the website of the Central Commission for Discipline Inspection and the State Supervision Commission said yesterday.
